United Kingdom: Consumer Credit

The Court of Appeal has upheld a High Court decision allowing approximately 5,000 motor finance claims to proceed via multi-party 'omnibus' claim forms, challenging the lenders' attempts to disaggregate the cases. The ruling addresses whether claims alleging unfair relationships under the Consumer Credit Act 1974—based on undisclosed dealer commissions—can be efficiently managed collectively despite their fact-specific nature. This case management decision provides important guidance on the cour

Hit refresh on the FSR news browser after the long, hot summer with our handy review of developments in June, July and August.

This report looks at developments that happened in July 2026. It is the current position as of July 31, 2026 and may be subject to change.

On 11 February 2026, the UK's Financial Conduct Authority (FCA) published Policy Statement 26/1: "Regulation of Deferred Payment Credit (unregulated Buy Now Pay Later): Feedback to CP25/23" (PS26/1)...

On 7 October 2025, the Financial Conduct Authority (FCA) published a statement and consultation paper (CP25/27) on the Motor Finance Redress Scheme.

In a recent decision, the High Court has allowed an application to set aside default judgments obtained by a lender against guarantors in respect of unpaid sums under a facility agreement...

Last month was significant for developments in consumer credit regulation. The two pivotal publications from HM Treasury (HMT) that we had been waiting for with bated breath were finally published on 19 May 2025.

As part of its strategy to become a ‘more outcomes-based, assertive and data led regulator', the Financial Conduct Authority (FCA) published PS25/3, introducing new reporting requirements for Consumer Credit firms...

The government's long-promised overhaul of UK consumer credit regulation has commenced. It wants to modernise this now overly complex regime that is not suited for the current digital...